티오황산나트륨

Market Dynamics Intelligence on Sodium Thiosulfate

I. Price Trends
1. Domestic Market: Recently, domestic sodium thiosulfate prices have shown a stable trend with a slight increase. In the East China region, the mainstream price for industrial-grade sodium thiosulfate (98% purity) is 3,200–3,400 RMB/ton, representing an increase of approximately 2%–3% compared to the previous month. In the South China region, prices range from 3,300–3,500 RMB/ton, with a similar increase to that in East China.
2. International Market: International sodium thiosulfate prices have experienced slight fluctuations due to raw material costs and transportation expenses. The CFR price in the Southeast Asian market is 520–550 USD/ton, up by approximately 1.5% from the previous month. The FOB price in the European market is 480–510 USD/ton, remaining largely stable.

II. Supply and Demand
1. Supply Side:
- The operating rate of domestic sodium thiosulfate producers remains stable. Some enterprises temporarily suspended production due to environmental inspections, but overall supply has not been significantly affected.
- Prices of raw materials such as sulfur and soda ash have shown minimal fluctuations recently, providing stable cost support.
2. Demand Side:
- Demand from the photography industry continues to be sluggish, leading to reduced procurement volumes of sodium thiosulfate.
- Demand from the chemical, papermaking, and printing/dyeing industries remains stable. In particular, the papermaking industry has seen increased demand for sodium thiosulfate, used in pulp bleaching and wastewater treatment.
- The export market is performing well, with growing demand in Southeast Asia and the Middle East driving an increase in export volumes.

III. Cost and Profit
1. Cost: Prices of raw materials such as sulfur and soda ash have shown minimal fluctuations, keeping production costs for sodium thiosulfate relatively stable.
2. Profit: Due to the slight price increase, profit margins for producers have expanded slightly, but the overall situation remains in a state of marginal profit.

IV. Relevant Policies and Impact
1. Environmental Policies: Domestic environmental policies are becoming stricter. Some sodium thiosulfate producers have been required to rectify issues due to non-compliance with environmental standards, which may affect short-term supply.
2. Export Policies: The export tax rebate policy remains stable, which is beneficial for the export of sodium thiosulfate.

V. Analysis and Judgment
1. Short-term: Influenced by environmental inspections and increased export demand, sodium thiosulfate prices may continue to rise slightly, but the increase is expected to be limited.
2. Medium-term: If raw material prices for sulfur and soda ash remain stable, sodium thiosulfate prices will likely fluctuate within a range, with domestic market prices expected to stay between 3,200–3,500 RMB/ton.
3. Long-term: With the continuous implementation of environmental policies, some backward production capacity is expected to be eliminated, leading to increased industry concentration. Prices may gradually stabilize and see a slight increase.

VI. Forecasts
1. Price Forecast: Over the next month, domestic sodium thiosulfate prices are expected to fluctuate between 3,300–3,500 RMB/ton, while international market prices are projected to range between 520–560 USD/ton.
2. Supply and Demand Forecast: On the supply side, environmental inspections may lead to tight short-term supply. On the demand side, demand from the chemical and papermaking industries remains stable, and the export market is performing well, resulting in an overall supply-demand balance that is either balanced or slightly tight.
3. Risk Warnings: Attention should be paid to the impact of fluctuations in raw material prices for sulfur and soda ash, as well as changes in environmental policies, on the sodium thiosulfate market.